Tariffs are back in the spotlight – and they’re sending shockwaves through every corner of the economy.

In this episode of Commercial Real Estate Now, Karly Iacono and Dan Diebel analyze how emerging trade policies are affecting key sectors—from pharmaceuticals and autos to fast fashion and food—and what that means for retail real estate performance, tenant resilience, and investment strategy.

Key takeaways:

• How tariffs may impact rent growth and tenant health

• Which sectors face margin compression and supply chain risks

• Why global sourcing shifts could influence occupancy and site selection

• The short-term pain vs. long-term positioning dilemma for business owners

If you’re evaluating CRE risk in today’s shifting trade environment, this is a must-listen.

Learn More About CBRE Econometric Advisors:

https://www.cbre-ea.com/

Karly Iacono | Senior Vice President CBRE Investment Properties | Retail Capital MarketsO (201) 712-5612 | M (201) [email protected] | www.cbre.com

#commercialrealestate #economictrends #tariffs #podcast #cre #marketupdate

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates (including CBRE Econometric Advisors (CBRE EA)) do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono or CBRE EA or Daniel Diebel.

Tariffs aren’t just about trade policy — they’re impacting leasing velocity, construction costs, lending standards and even tenant stability.

In this short episode of Commercial Real Estate Now hear:

• How rising import costs are affecting tenant margins

• What landlords should expect in lease negotiations

• The ripple effect on construction timelines and underwriting

• Why February 2025 was a record-breaking month for retail CRE

If you’re a developer, investor, or advisor in retail commercial real estate, this episode is packed with insights to help you adapt strategically.

Hosted by: Karly Iacono, Senior Vice President, Investment Properties at CBRE

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

Welcome to What’s in Store? with Karly and Chris – your insider guide to the hottest topics at the intersection of retail and real estate.

In this episode, Karly and Chris dive into three high-impact stories dominating headlines: Walgreens, Nordstrom, and ROIC. From ownership transitions to evolving business strategies, this discussion breaks down what it all means for investors, landlords, and the future of retail space.

Plus, hear key takeaways from ICSC OAC, a closer look at retail market trends, and how private equity and public-to-private shifts are changing the game.

Timestamps:

ICSC OAC Conference Takeaways: 0:43

Privatization of Retailers: 8:45

Walgreens Restructuring & Strategy: 14:27

Nordstrom's Strategic Moves: 28:29

ROIC Case Study: 33:41

If you’re in commercial real estate or retail strategy, you won’t want to miss this.

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

In this episode of Commercial Real Estate Now, Karly Iacono and Dan Diebel, in partnership with CBRE Econometric Advisors, discuss key economic indicators shaping the commercial real estate market.

The conversation begins with a broad look at employment trends, noting how unemployment rates and job stability in government sectors are influencing economic confidence. The hosts examine inflationary pressures and how rising costs are affecting consumer spending and investment decisions in the real estate sector.

They also break down GDP forecasts, exploring how economic growth projections are impacting real estate investment strategies. The discussion highlights the current trajectory of interest rates and their effect on commercial property values and financing conditions. Additionally, insights are shared on housing market trends, emphasizing shifts in demand and pricing dynamics.

This episode provides a data-driven look at where the economy is heading and what it means for real estate professionals and investors.

Learn More About CBRE Econometric Advisors:

https://www.cbre-ea.com/

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

#commercialrealestate #economictrends #inflation #interestrates #marketupdate

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates (including CBRE Econometric Advisors (CBRE EA)) do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono or CBRE EA or Daniel Diebel.

Join Karly Iacono of CBRE in sunny Key West Florida as she sits down with Stark & Stark Real Estate Partners Dee Kelley and Tom Onder to dish out valuable legal tips for property owners and investors.

If you have to face condemnation how can you make sure your tenant isn't entitled to part of the award? How do you limit your environmental liability with changing PFAS (forever chemicals) regulations? If one of your tenants is facing bankruptcy what are first day orders and pre-petition claims? Listen today as they cover these important issues and much more.

1:30 Condemnation

7:50 Changing Environmental Regulations

14:08 Force Majeure Relating to Government Approvals and Landlord Work Timelines

18:06 Tenant Bankruptcies: Landlord Rights

30:39 Assuming or Rejecting Leases under Bankruptcy Law

33:58 Lenders and Tenant Bankruptcies

Subscribe today. Stay informed. Stay ahead.

The Stark & Stark Commercial Real Estate Group represents national, regional, and local sellers, buyers, and owners of commercial property.

https://www.stark-stark.com/business/real-estate/

Their Commercial Real Estate Group can assist with your retail, industrial, data center, warehouse, office or multifamily needs.

For transactional issues like purchase and sales, 1031 exchanges, leasing, land development, and financing feel free to contact Dee Kelley at [email protected] or (609) 791-7005.

If you have litigation needs like protection in a tenant bankruptcy, lease enforcement condemnation, or representation in state or federal court concerning a property dispute, feel free to contact Thomas Onder at [email protected] or (609) 219-7458.

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

Join the dynamic duo, Karly Iacono and Chris Ressa, as they spotlight 10 must-watch retail tenants in key categories such as food and beverage, hard goods, and general merchandise. With their expert analysis and insider insights, you'll discover why these companies are making waves and why they should be on your radar.

🔊 Don't miss out! Tune in and discover the retail tenants that are shaping the future of the industry.

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

Commercial Real Estate Now with CBRE Econometric Advisors

Consumer Debt Surge: Defaults Ahead?

Join Karly Iacono and Dan Diebel as they dissect the rising consumer debt levels and the potential impacts to commercial real estate. Strong consumer spending is a boon to retail real estate but how much spending is too much? With consumer spending outpacing inflation, are we reaching an inflection point?

Debt generated by mortgages, student loans, and pay over time apps also has an impact on the market but the debt looks very different across these spend categories and varying financial demographics. Tune in to today's episode to learn where debt levels are today and how that may impact the commercial market.

Learn More About CBRE Econometric Advisors: https://www.cbre-ea.com/

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates (including CBRE Econometric Advisors (CBRE EA)) do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono or CBRE EA or Daniel Diebel.

Commercial Real Estate Now: 2025 Commercial Market Forecast

Join Karly Iacono live from Princeton NJ as she shares her 2025 Commercial Real Estate Keynote Address. Follow the timestamps below to skip ahead to your areas of interest.

1:19 Economic Conditions

5:16 Election Impact

6:42 Capital Markets

10:20 Office

14:45 Retail

17:55 Industrial

19:10 Multifamily

21:29 Data Centers

24:47 Climate Risk

27:11 Parking Codes

28:49 Creative Development

33:16 Drone Delivery

35:04 Reality Premium

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

What's In Store? with Karly and Chris

Leading the Spend: Value Goods and Wellness Trends

Join Karly Iacono and Chris Ressa for their monthly show covering hot topics at the cross section of retail and real estate. This episode covers consumer spending starting with holiday sales and wrapping with the explosive health and wellness sector. Consumer dollars have spoken; value is in vogue and fitness isn't a fad. Listen in as Karly and Chris keep you up to speed on how consumer spending affects retail real estate.

Karly Iacono | Senior Vice President

CBRE Investment Properties | Retail Capital Markets

O (201) 712-5612 | M (201) 600-3237

[email protected] | www.cbre.com

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

Commercial Real Estate Now with CBRE Debt and Structure Finance

Who is Aggressively Lending in 2025?

Join Karly Iacono and Farhan Kabani as they review 11 different lender types and discuss rates, terms, and the nuances of each. This is a foundational episode to make sure you know the landscape and can find the most competitive terms for your investments in 2025.

1:12 Banks

9:35 Credit Unions

16:05 Life Companies

23:25 CMBS

34:32 Debt Funds

37:45 Private Equity

42:15 Agency Lenders

45:36 SBA

48:56 Alternative Financing: REITS, Private Lenders, Family Offices etc.

Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.